It starts, like the Project 7, with the 5.0-liter supercharged V8 engine. With further massaging, Jaguar engineers managed to eke out 592 hp and 516 lb-ft of torque this time around before mating it to an eight-speed automatic transmission. Power is channeled to all four wheels, but Jaguar promises the system is track-focused and rear-biased. “You can drift the car, that I promise you,” said Mark Stanton, director of special vehicle operations at Jaguar Land Rover.

In addition to the motor, the body is heavily modified with several wings, ducts and bits added to aid aerodynamics and cooling. One fun fact: The rear spare-tire wheel well was removed to allow better airflow to the rear diffuser. There’s also carbon ceramic brakes, wider front and rear tires, a solid mounted rear subframe and even ceramic wheel bearings, which Jaguar claims is a bit of F1 tech thrown in the car.

A two-seat version of the Project 8, with a roll bar in back instead of rear seats, will be built but not sold in the U.S. The ones that will cross the pond seat four and come with a price tag of $187,500.